Liberalism in the Nineteenth Century Embraced All the Following Economic

question 92

Multiple Choice

Liberalism in the nineteenth century embraced all the following economic and social ideas EXCEPT

• A) Adam Smith's theory of laissez-faire economics: the free pursuit of self-interest and profit.
• B) the misery of the poor is due to their laziness, poor judgment, and vice.
• C) the "iron law of wages."
• D) the equality of all men means that all men are equally responsible for each other's well-being.
• E) state help for the poor is counterproductive.

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Definitions:

Intentional Torts

Legal wrongs committed deliberately or with knowledge of the potential consequences, including actions such as assault, fraud, and defamation.

Punitive Damages

Financial compensation awarded to a plaintiff to punish the defendant for egregious misconduct and dissuade similar future behavior.

Intentional

Done with purpose or deliberation; not accidental or unintentional.

Outrageous

Describes actions or behaviors that are shocking, extreme, and exceed the bounds of decency in a societal context.